• Last night the US Senate passed the $750 billion Infrastructure package which will add further stimulus to the US economy.
• Lockdowns have caused business confidence to plunge across Australia, confidence remains the highest in WA.
• Whilst consumer confidence is expected to fall, with fast-rising vaccination rates most economists feel we will avoid a second quarter of negative GDP growth (and therefore a recession).
• Reporting season is showing strong profit and dividend growth driving equity markets higher. The S&P ASX – 200 has recorded new highs and closed trading a little down at 7,584.3.
• The Aussie dollar is now at $US .733 and some are forecasting a fall below $US .70 which will be very welcome news for our exporters.
• For a bit of fun here are two places I’ve been told to research and get to next holidays – Dales Gorge in Karijini National Park and Queenstown in NZ.
• The number of properties listed for sale in Perth continues to fall – now at 8,363. If equilibrium in the market is around 12,000, clearly we are in a seller’s market.
• Call me to find out what all these market factors mean to the value of your home.

Authored by Jody Fewster